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Self Employed

The good news is self-employed individuals have more retirement plan options available to them. The bad news is many are not aware of them, or have chosen a plan option that drastically underutilizes the tax code in maximizing contributions and reducing income taxes. For example, many self-employed individuals who utilize a Simplified Employee Pension (SEP) could very likely be saving more for their retirement and saving more in taxes by utilizing another type of plan or combination of plans, such as a Solo 401k and/or a Defined Benefit plan.

The difference in retirement plan options for self-employed individuals can mean the difference between retiring when you want to and retiring when you are able to. Understanding the right options is especially important for older business owners who are late in starting their retirement planning and need to catch up. Having the right plan or combination of plans is important for high-earning self-employed individuals who could benefit from even larger contributions and greater tax savings.

We offer a complimentary analysis to help you determine which plan options are most appropriate for you. Simply click the button to below to fill out a form to request a free report outlining your plan options along with the maximum allowable contributions and potential tax savings for each option based on your current circumstances.

Financial Planning, Investment Advisory Services and Securities offered through LPL Financial, A Registered Investment Advisor and Member FINRA/SIPC. The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: DE, FL, GA, LA, MA, MD, NC, NJ, NY.